RDB Infrastructure Acquires 100% Stake in Green Energy Firm to Commercialize Solar Power Project
RDB Infrastructure And Power Ltd, formerly known as RDB Realty & Infrastructure Limited, has entered into a partnership interest acquisition agreement aimed at securing a significant renewable energy project. The company is acquiring the entire partnership interest of M/s Arankam Green Energy Solution (the "Firm") for Rs. 90,00,000/- in cash.The agreement, dated June 24, 2026, dictates that RDB Infrastructure And Power Ltd will hold 100% partnership interest in the Firm upon completion of the transaction and subsequent amendment and restatement of the partnership deed.
M/s Arankam Green Energy Solution is a Partnership Firm established as a Special Purpose Vehicle (SPV) specializing in the development of solar power projects. The firm is recognized for its status within the renewable and green energy sector.
The acquisition is primarily driven by the opportunity to commercialize a 6.3 MW renewable energy project. This specific project, located at Khta Mugal, Saharanpur, Uttar Pradesh, was awarded to the Firm under a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and a Letter of Award issued by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA).
Before the transaction is completed, it is noted that while this acquisition did not involve related party transactions at the time of execution, the Firm will become a related party to RDB Infrastructure And Power Ltd post completion. The products and line of business acquired pertain specifically to long term power purchase agreements for solar projects in India.
Key details regarding the acquisition are summarized below:
| Aspect | Detail |
|---|---|
| Target Entity | M/s Arankam Green Energy Solution (Firm) |
| Nature of Business | Partnership Firm / SPV focused on Solar Power Project development |
| Industry Sector | Renewable / Green Energy |
| Acquisition Cost | Rs. 90,00,000/- (Cash consideration) |
| Stake Acquired | 100% partnership interest in the Firm post completion |
| Project Scope | Set up of a 6.3 MW Solar Plant at Khta Mugal, Saharanpur, Uttar Pradesh |
Stock Price Movement
As of 14:40, RDB Infrastructure And Power Ltd sees its shares slipping to ₹21.67, registering a decline of 5.00%. The stock navigated volatile trading, with the intraday range spanning from a high of ₹23.27 down to the current low of ₹21.67.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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